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NPAs Are Rising Again at Downey.
Newport Beach, CA -- California thrift Downey Financial Corp. said its nonperforming assets increased to 10.93% at the end of February, an 89% spike over a three-month period.
Downey holds $13.4 billion in assets on its balance sheet. In a new research note, Credit Suisse cited one positive for the company: its net interest spread expanded 14 basis points ...
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Source: HighBeam Research, NPAs Are Rising Again at Downey.